PBH MANAGEMENT LLC
WINTER PARK, FLORIDA

graduated from Stetson University with a Bachelor of Business Administration Degree then joined the United States Army in 1967. Mr. Prince left the Army with a rank of Captain in July of 1971 and obtained a Masters Degree in Business Administration from Georgia Southern College that same year. He joined Merrill-Lynch upon separation from the Army. He joined Days Inns of America soon after its founding. His family owned and operated motels which provided excellent training for his later work at Days Inns. Days Inns became one of the largest limited service lodging chains in the United States, and Mr. Prince's involvement included development, financing, and management of all types of properties. Mr. Prince was Executive Vice President-Chief Investment Officer when he left Days Inns of America, Inc. to form Prince-Bush Investments, along with Mr. Robert C. Bush. Mr. Prince served on the Board of Mount Vernon Financial of Atlanta, is President of Marywood Apartments, a non-profit senior community. He served as a Trustee at Stetson for over 20 years and is the recipient of the 1985 Stetson Distinguished Alumni Award and the 1993 Distinguished Service Award. He presently serves as President of the U.S. Friends of the Irish College of Rome, as a Regent of Ave Maria University, serves on the Board of Winter Park Memorial Hospital, and other Church and Community organizations. The Highlight of Mr. Prince's and Mr. Bush's careers has been the evolution of Prince-Bush Hotels (PBH), an extremely successful entrepreneurial company, augmented with several award winning Holiday Inn's and Hampton Inn's. In 1998, Prince-Bush strategically divested itself of four properties, while beginning construction on two new hotels. As owner/operator franchisees, PBH has consistently exceeded approved standards and expectations of every chain affiliate. Emphasis on quality and guest satisfaction has gained Mr. Prince and Mr. Bush widespread recognition throughout the hotel industry as well as in the financial markets. As an adjunct to their real estate ownership, they have brokered a portfolio of franchised hotels and restaurants valued in excess of $200 million for several major hospitality companies. was born and raised in Savannah, GA. He attended Georgia Tech in Atlanta and graduated with a Bachelor of Science degree in Industrial Management, and a minor in Political Science. While at Georgia Tech, Mr. Smith interned in the office of Senator Herman Talmadge and worked full time in Senator Sam Nunn's 1st re-election campaign. Upon graduation in 1979, Mr. Smith went to work in the Real Estate Department of Days Inn of America. His responsibilities included all facets of the development and financing of hotel projects throughout the U.S. In 1986, Mr. Smith left Days Inn and became an independent hotel owner and broker. He has been involved in the sale of over $300 million worth of hotel properties since that time. In 1992, Mr. Thomas Prince, Mr. Robert Bush, and Mr. Mark Smith acquired the Mulberry Inn of Savannah out of bankruptcy. As a result, Prince-Bush-Smith Hotels was created with Mark as managing partner. Mr. Smith moved to Savannah to oversee the renovation of the Mulberry and the rebuilding of its business. The Mulberry is now the premier hotel in Savannah, Georgia. It excels in customer service and atmosphere. In 1997, Prince-Bush-Smith Hotels opened the Hampton Inn Historic District on Bay Street, three blocks from the Mulberry Inn. This opening culminated a three-year development process which required close collaboration with the Historic Savannah Foundation and the City of Savannah. The performance of this property places it in the upper 1% of the Hampton Inn chain. In December 2007, Prince-Bush-Smith Hotels opened a 143 room, $20 million Holiday Inn Express across Abercorn Street from the Hampton Inn. Mr. Smith is also Chief Executive Officer for his family's water utility business, which has in excess of 10,000 water and wastewater connections in Southeast Georgia. Mr. Smith is very active in community affairs and is presently Chairman of the Georgia International Maritime Trade and Convention Center. In 2008 he was elected as a Curator of the Georgia Historical Society. He is currently president of the Lutheran Church of the Ascension. Past service includes Chairman of the Savannah Area Convention and Visitor's Bureau, Trustee of the Coastal Heritage Society, and member of the Historic Savannah Foundation Board. Patrick is a graduate of Michigan State University and he started his business career in Northern Virginia. He joined Prince Bush Hotels in 1995 and moved to Florida by way of Savannah, Georgia. Patrick is now the President and Managing Shareholder of Prince Bush Hotels, Inc. and Managing Partner of PBH Management, LLC. Through his tenure, he has been involved in the development, construction, ownership and operations of over 30 hotel, restaurant and retail properties. In addition to the real estate businesses, Patrick serves on the Board of Directors for an International Sweetener company, Sweetener Solutions based in Pooler, Georgia and he is a member of the Intercontinental Hotel Owners Association. He holds professional licenses as a General Contractor and Real Estate Broker. During Patrick's tenure with Prince Bush Hotels, the organization has received numerous and prestigious awards from their hotel Franchisors receiving the highest recognition from InterContinental Hotels Group for excellence 15 years running. Prince Bush Hotels was also named Franchisee of the Year and given the Kemmons Wilson Award for Excellence from Intercontinental Hotels Group for outstanding product delivery. Even though Patrick is very proud of the successful businesses he has been involved in, he thinks his greatest accomplishment is his family as he has been married for over 20 years to Michelle, his best friend and he has four wonderful children, daughters, Selby and Audrey, and sons, Joey and Max. His favorite pastime is spending time at his children's sporting events and extended camping trips and the Olson's have visited 38 out of the 50 states so far on their ventures.